Forex Tester is a straightforward and effective piece of software whose main purpose is to simulate Forex trade sessions in an accurate manner. It helps you to improve your skills and test out new strategies effortlessly.

Especially designed for novice traders, the application helps you to gain trading abilities without risking your real money, as well as test a new strategy. Compared to other products of its kind, Forex Tester enables you to upload, view and review historical data at any given point in time, so none of the performed actions are not in real time.

The program sports an intuitive interface from where you can easily view some predefined charts. Additionally, you can access the File menu and add a new range bars chart, as well as recount all the available indicators.

The right-click menu enables you to add a new indicator into the selected chart such as ‘Linear regression channel’, ‘Moving average’, ‘Price channel’, ‘Price Daily Range’, ‘FATL’ and ‘Average Directional Movement Index (ADX)’, to name a few, set the timeframes according to your needs, view period separators and account history, as well as modify the chart settings.

In case you want to view market information, zoom in or out the current graph or simply save the template, you can navigate to the View menu.

The Insert menu enables you to add a new vertical or horizontal line, insert new shapes and Fibonacci tools, as well as add new wave symbols.

Hence, using a Forex simulator, you are able to get an unlimited time of training sessions simply because you can pause and rewind any strategy the way you want.

Considering all of the above, Forex Tester proves to be a steady and reliable solution worth having when you need to improve your trading skills, monitor, test and create new Forex strategies and make sure that you learn all the necessary steps.

Forex Tester was reviewed by Cristina Jitaru, last updated on February 6th, 2014